Tuesday 8 March 2022

Crunch time

The Living Standards Outlook for 2022

The good news is that Britain is finally stepping out of the pandemic. The bad news is that it is stepping straight into a renewed living standards squeeze which, according to the latest Bank of England forecasts, could be the tightest one in generations. Prices, bills and taxes are all going up, and wages aren’t keeping pace. The big question facing families is when the squeeze will start to ease.

How tight might the current cost of living crunch be, and what groups are likely to be most affected? To what extent will Britain’s tight labour market – with high vacancies and low unemployment – offset some of this pain? And is there anything more the Government can to do to soften Britain’s cost of living crunch?

The Resolution Foundation is hosting an in-person and interactive webinar to debate and answer these questions. Following a presentation of new research on the living standards outlook for 2022 and beyond, we will hear from leading experts, on the challenges this will pose for families and policy makers alike.

The event will be open for people to physically attend, alongside being broadcast via YouTube and the Resolution Foundation website. Viewers will be able to submit questions to the panel before and during the event via Slido.